Cash Mart Loan Review: Is this Online Lender Legit in the Philippines?

In a world where financial stability is an ever-elusive concept, having a trustworthy lending partner can make all the difference. The Philippines, like many other countries, offers a variety of financial solutions for individuals facing unexpected expenses or simply in need of some extra cash. Cash Mart is one such option, providing a range of loan products designed to meet diverse financial needs. In this review, CashLoanPH will delve into the essential aspects of Cash Mart’s services to help you determine whether it’s a legitimate and suitable choice for your financial requirements.

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Cash Mart: An Overview

Cash Mart, originally founded in Singapore, has successfully expanded its operations to the Philippines. The company prides itself on being the number one online lending company in Singapore, a distinction that adds a layer of credibility to their services in the Philippines. To make access to their financial solutions convenient, Cash Mart provides a mobile app that is readily available on the App Store, Google Play, and Huawei AppGallery.

Legitimacy of Cash Mart

The legitimacy of any financial institution is paramount. Cash Mart, in this regard, stands as a legitimate player in the Philippines’ financial landscape. The company is officially registered with the Securities and Exchange Commission, holding the SEC Registration No. CS201610084. Furthermore, Cash Mart has a long history, having been in operation since 1969, accumulating a wealth of 47 years of lending experience. This long-standing presence in the industry is a testament to their legitimacy and trustworthiness.

Understanding Cash Mart Loans

Cash Mart distinguishes itself by offering a versatile portfolio of loan products tailored to meet a variety of financial needs:

  • Salary Loan: The salary loan is a quick financial solution for individuals who find themselves short on cash before their next payday.
  • Personal Loan: Going beyond addressing unexpected expenses, a Cash Mart personal loan is a versatile tool that can be used for various purposes, including vacations, weddings, home renovations, debt consolidation, gadget purchases, and more.
  • Car Loan: If you’re looking to finance the purchase of a vehicle, Cash Mart offers car loans to provide the necessary financial boost.

The loan amounts available range from ₱3,000 to ₱150,000, with interest rates that are competitive, varying from 0.06% to 1% per day, depending on the approved loan term.

Cash Mart Loan Review: Pros and Cons

Choosing to avail of Cash Mart’s financial services comes with its own set of advantages and disadvantages:


  • Various Loan Products: Cash Mart offers a diverse array of lending products to cater to different financial emergencies and expenses. Whether you need money for groceries or you’re planning a vacation, they have a product for you.
  • Low Interest Rates: Cash Mart boasts low interest rates, ranging from 0.06% to 1% per day. These rates are among the most competitive in the market, ensuring affordable repayment options.
  • Easy Application: The process of applying for a Cash Mart loan is straightforward. According to the company, you can get approved with just one valid ID. Moreover, the entire application process takes place online, eliminating the need to visit a physical branch. As for cash disbursement, it occurs within 24 working hours after you sign your loan contract.
  • Flexible Loan Terms: Cash Mart understands that each borrower has unique financial circumstances. Therefore, they offer flexible loan terms, allowing you to choose a repayment schedule that aligns with your capacity. You can opt for weekly, bi-weekly, or monthly repayments. Additionally, borrowers are permitted to settle their loans earlier than the due date, promoting financial flexibility.


  • Small Initial Loan Amount: The minimum loan amount available through Cash Mart is ₱3,000, which might not suffice for significant financial needs. While you can increase your loan amount through reloans, these applications are subject to approval.
  • Age Limit: Cash Mart imposes a strict age cap on applicants, allowing loans only to individuals below 50 years of age.
  • Bank Account Requirement: To avail of Cash Mart’s loans, borrowers must have an active bank account. This is where the lender deposits the loan proceeds. If you do not have a bank account, you won’t be eligible for Cash Mart’s services.
  • Penalties for Late Payments: Cash Mart imposes penalties on late repayments, requiring borrowers to pay additional fees on top of the principal and the interest. Consequently, timely repayments are encouraged to avoid incurring extra costs.

Cash Mart Loan Review: Customer Feedback

Customer feedback often provides valuable insights into the performance of an online lender. Cash Mart has received a mixed bag of reviews from its clients:

Positive Feedback:

  • Several clients have praised Cash Mart for its quick disbursement process, with some reporting that they received their loan proceeds on the same day they applied.
  • Clients have highlighted the ease of communication with Cash Mart’s agents, noting a swift and efficient application process.
  • Early reminders regarding due dates and the reloan feature have been commended by borrowers.

Negative Feedback:

  • Some clients have reported delays in the application process and a lack of notifications regarding the status of their applications, leading to frustration.
  • There have been complaints about the lack of responsiveness from Cash Mart’s customer support team, with some clients feeling unheard and unattended to.
  • Usability issues and slow response times have been noted by users of the Cash Mart loan app, causing inconvenience.

Cash Mart Loan Requirements

If you are contemplating applying for a Cash Mart loan, it is essential to be aware of the eligibility and documentation requirements:

Eligibility Requirements:

  • Age between 21 and 50 years.
  • Filipino citizenship and current residence in the Philippines.
  • Current employment or self-employment status.

Documentary Requirements:

  • For Salaried and Commission-Based Applicants:
    • Government-issued ID.
    • Latest proof of billing.
    • Latest one-month payslip (for personal and car loans).
    • Latest one-month statement of account (for car loans).
  • For Taxi and Grab Drivers:
    • Government-issued ID.
    • Latest one-month statement of account.
    • Latest proof of billing (for personal loans).
  • For Self-Employed and Business Owners:
    • Government-issued ID.
    • Latest proof of billing.
    • DTI or SEC certification.
    • Bank statements for the last three months.
    • Three pages of Audited Financial Statements or the latest ITR form.

How to Apply for a Cash Mart Loan

Applying for a Cash Mart loan is a straightforward process, and it can be broken down into the following steps:

  • Download the Cash Mart loan app from the Google Play Store, the App Store, or Huawei AppGallery.
  • Complete the application form on the app and submit the required documentation.
  • Await a call from Cash Mart’s loan officers for verification and additional details.
  • Upon signing your loan contract, you can expect to receive the loan proceeds within the day, ensuring that you have access to the financial support you need in a timely manner.

8. Cash Mart Loan FAQs

If you have further questions about Cash Mart’s services, here are some common inquiries and their answers:

Repayment Process:

  • To repay your Cash Mart loan, you can visit designated payment centers and follow the instructions provided.
  • Payment centers include Bayad, LBC, Robinsons Mall, ECPay, M Lhuillier, Cebuana Lhuillier, Palawan Express, and RD Pawnshop.
  • Alternatively, you can use digital payment channels such as GCash, 7-Eleven CliQQ app, UnionBank Online, and UnionBank Mobile for convenient repayments.

Reloan Process:

  • To apply for a reloan from Cash Mart, you can do so through the Cash Mart mobile app. It allows you to request a reloan effortlessly.
  • Alternatively, you can send a reloan request to Cash Mart Philippines via email. Send your request to [email protected], and the team will guide you through the process.

Contacting Collection Department:

If you need to get in touch with Cash Mart’s Collection Department, you can directly contact them at 09176363298. This direct line ensures that you can address any concerns or inquiries related to your loan.

Signing Contract Issues:

If you encounter any issues while trying to sign your contract on the Cash Mart loan app, don’t worry. The team is responsive and ready to assist. You can send a screenshot or screen recording of the issue to [email protected], and they will provide guidance to help you complete the process.


Cash Mart emerges as a reliable option for individuals facing financial challenges and seeking a quick financial boost. With their diverse range of loan products and competitive interest rates, they cater to a broad spectrum of needs. However, it’s important to weigh the advantages and disadvantages, along with customer feedback, before making a decision. If you’re looking for additional lending options, CashLoanPH offers a comparison platform featuring legitimate and reputable companies that offer competitive rates. You can explore your options by clicking on the banner below. Make an informed choice and take control of your financial well-being.

Additional Tips for Financial Well-being

While Cash Mart and similar lending platforms can provide valuable assistance in times of financial need, it’s essential to approach financial well-being comprehensively. Here are some additional tips to help you secure your financial future:

  • Budgeting: Creating a budget is a fundamental step in managing your finances. It allows you to track your income and expenses, providing insights into areas where you can save or cut costs.
  • Emergency Fund: Building an emergency fund is crucial for unforeseen circumstances. Having three to six months’ worth of living expenses set aside in a savings account can provide a safety net during difficult times.
  • Financial Education: Continuously educate yourself about personal finance. Understanding topics like investments, savings, and debt management can empower you to make informed financial decisions.
  • Credit Management: Properly managing your credit and debt is vital. Be mindful of your credit score and aim to keep it in good standing.
  • Diversify Investments: Consider diversifying your investments to grow your wealth over time. Explore options such as stocks, mutual funds, and real estate.
  • Savings Goals: Set clear savings goals for specific purposes, such as a vacation, home purchase, or retirement. Having defined objectives can help you stay motivated and financially disciplined.

Incorporating these tips into your financial strategy can contribute to long-term financial well-being and stability. Remember that while financial institutions like Cash Mart can provide immediate assistance, long-term financial success requires careful planning and prudent financial management.

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